O-1966-750 - Laserfiche WebLink

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. . P~ge 4 of 6 . and true owners thereof as set out in sub-par~graph "a" above. The City of La Porte shall pay for its part of the work on the various street units on monthly estimates as the work progresses, ten per cent (10%) of the amount due by the City on each such estimate bei~g retained by ,the City until completion and accept- ance of the work involved in the street unit on which the estimates are submitted. c. The remainder of the costs of such improvements shall be assessed ~gainst the respective abutti~g properties and the real and true .owners thereof in accordance with Section E~ght 4It. and other applicable provisions of the City Charter and the Statutes of Texas herein referred to. ~o assessment shall be made ~gainst any abutti~g property or the real and true owners thereof for costs in excess of the benefits to such property in enhanced value thereof by means of such improvements. The amounts of such . assessments shall constitute a first and prior lien upon all such properties and a personal liability of the true and real owners thereof, whether correctly named or not, and shall be payable in installments, as follows: .. When the ,improvements herein ordered for any street unit herein des~gnated h~ve been completed and accepted by the City of La Porte, the amount of the assessment ~gainst each property abutti~g thereon and the real and true owners thereof shall be and become payable in ten (10) equal installments, one installmen~ to be due and payable in thirty (30) days after the completion of said improvements and the acceptance thereof by the City of La Porte, and another installment in a like amount to be due and payable in one, two, three, four, five, six, seven, eight and nine years respectively after said date of acceptance, with interest thereon from said date of acceptance, at the rate of S IX per cent ( 4G %) per annum, payable annually; provided, . however, that the owners of any of said property shall have the